ESCO Technologies Inc (ESE)
Return on equity (ROE)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 101,881 | 99,615 | 98,328 | 92,987 | 92,545 | 91,588 | 86,818 | 85,523 | 82,320 | 71,645 | 63,381 | 62,202 | 63,496 | 21,825 | 25,603 | 28,021 | 101,980 | 148,144 | 149,524 | 150,499 |
| Total stockholders’ equity | US$ in thousands | 1,237,350 | 1,193,690 | 1,166,410 | 1,154,090 | 1,131,140 | 1,107,040 | 1,080,800 | 1,066,400 | 1,048,160 | 1,029,880 | 1,021,170 | 1,015,280 | 1,019,700 | 1,004,850 | 990,660 | 976,162 | 959,026 | 943,457 | 926,207 | 915,491 |
| ROE | 8.23% | 8.35% | 8.43% | 8.06% | 8.18% | 8.27% | 8.03% | 8.02% | 7.85% | 6.96% | 6.21% | 6.13% | 6.23% | 2.17% | 2.58% | 2.87% | 10.63% | 15.70% | 16.14% | 16.44% |
September 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $101,881K ÷ $1,237,350K
= 8.23%
ESCO Technologies Inc's return on equity (ROE) has displayed some fluctuations over the past few years. The ROE ranged from a low of 2.17% in March 2021 to a high of 16.44% in December 2019 before declining to 8.23% in September 2024.
The company's ROE experienced a general upward trend from December 2019 to March 2023, with small fluctuations along the way. However, from March 2023 onwards, there was a slight decline in ROE, stabilizing around the 8% range.
Overall, the ROE figures suggest that ESCO Technologies Inc has been generating a moderate return on equity for its shareholders, indicating efficiency in utilizing equity capital to generate profits. It is essential for the company to monitor and manage its profitability and efficiency metrics to ensure sustained financial performance and shareholder value creation.
Peer comparison
Sep 30, 2024